Debt Collection
Debt Recovery Service
Louvain Properties Pre-Legal Debt Recovery system collects on a 21 day cycle and is geared to keep clients informed at all times.
Our debt recovery team also have the facility to set up and administer payment plans agreed by the client and will always endeavour to keep a matter out of court.
Tracing Service
Our tracing service attempts to obtain a current address for an absconding tenant.
Flatfair debt recovery
- In order to qualify for this service the contract holder must have a debit card registered in their name
- The contract holder will pay a one of check in fee equivalent to one week’s rent +VAT to Flatfair. This lasts the whole term of contract, including the contract going periodic
- There are no recurring charges to the contract holder throughout the tenancy
- At the end of the term if there are any damages or missed rent the contract holder will be liable for the charges.
- You will get up to 10 weeks worth of rent to cover the cost of damages or missed rent.
- Once the price is agreed, if contract holder refuses to pay Flatfair will cover the cost of up to 10 weeks rent and pay it to you within 10 working days.
- The contract holder will still be liable for the damages or missed rent which Flatfair will chase.
- Flatfair is also a debt collecting company who will take over the debt if contract holder(s) refuse to pay
- There will be no cost to you as the landlord for using this no deposit scheme
- Your property will need an inventory (move in report) to qualify for this service, as the inventory will be used as evidence if any damages occur